Top News
Flood-control fears hammer September building activity
Building activity sharply contracted in September as the number of approved construction permits plunged 25 percent to 11,746, Philippine Statistics Authority data showed, signaling mounting investor unease amid the ongoing flood-control controversy affecting several growth corridors.
PH external buffers strengthen as peso faces persistent challenges
The Philippines posted a US$706-million balance of payments (BOP) surplus in October, signaling an improvement in external accounts and helping lift the gross international reserves (GIR) to US$110.2 billion.
SMC core income jumps 54% as strong units offset oil pressures
San Miguel Corp. (SMC) on Wednesday reported a 54 percent increase in core net income to P60.3 billion for the first nine months of the year, driven by improved efficiency and tight cost management across its major businesses.
Recto moves to Palace’s top post; Frederick Go tapped as new Finance chief
The Department of Finance (DOF) begins the week with a leadership change as Malacañang on Monday announced the appointment of Frederick L. Go as the agency’s new secretary. Go steps in following the resignation of Finance Secretary Ralph Recto, who has been swiftly promoted to Executive Secretary.
OF remittances rise to US$3.1B in September
Cash remittances from overseas Filipinos continued to help power the economy as inflows rose to US$3.12 billion in September 2025, up 3.7 percent from US$3.01 billion in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP).
